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jrebong
May 17, 2021 2:47 PM

Buy on Support but wrong SL or Trigger Long

Canadian Dollar/Japanese YenFXCM

Description

The 4H TF is bullish so I patiently waited until a pullback. Then I plotted support and bought when price touched it. Of course I didn't forget buying when the stochastic crossed on the lower TF (1HR) which was my trigger entry. Stop loss was set at -15 pips

All that and I still got stopped out before price magically went my way.

Nothing more frustrating sometimes. Maybe I should have set the SL wider or my trigger is wrong. Perhaps I should have waited until a bullish candlestick (That bullish engulfing two hours ago)

The only good thing here is that my analysis was correct. I just didn't profit from it :)
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